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In a groundbreaking move, the G20 leaders have embarked on an ambitious mission to establish a comprehensive global framework for the cryptocurrency market by the year 2027. At their summit in New Delhi in 2023, the G20 leaders, through the Delhi Declaration, unveiled their motive to regulate cryptocurrency market assets on a global scale.

The primary motivation behind this initiative is to mitigate the risks associated with cryptocurrencies, including fraud, market manipulation, and illegal activities. This shift in strategy shows the potential of crypto assets in a well-regulated financial market while acknowledging the difficulties of enforcing a blanket ban.

The G20 leaders have called upon the Financial Stability Board to oversee the implementation of globally coordinated regulations for cryptocurrencies. The ultimate goal is to establish a common baseline for the regulation and oversight of crypto assets while allowing individual policy autonomy. Importantly, none of the G20 member nations intends to grant legal tender status to cryptocurrencies.

Key Developments in the Global Cryptocurrency Regulation:

1. Crypto-Asset Reporting Framework (CARF): The G20 leaders are swiftly implementing CARF, a standardized method for reporting tax information related to cryptocurrency transactions. This framework aims to enable the automatic exchange of tax-related data between taxpayers and their respective jurisdictions of residence on an annual basis. And any crypto transactions by Indian residents on foreign-based crypto exchanges will fall under CARFs automatic information exchange protocol.

2. Amendments to the Common Reporting Standard (CRS): The joint declaration also emphasizes on tax transparency through amendments to CRS. The importance has been given to accurate reporting and compliance in the cryptocurrency and international financial landscape.

Global Support for Regulatory Consistency:

Leaders from various sectors have supported this G20s mission:

Industry Perspectives:

Rajagopal Menon, Vice President at WazirX, highlighted the potential to enhance monetary sovereignty, financial stability, accountability, and transparency. Menon suggests that the document strikes a balance in regulation, neither overly strict nor too permissive.

Ashish Singhal, Co-founder and CEO at CoinSwitch, praises the Indian governments efforts in taking the stance to expand dialogue and understanding of virtual digital assets (VDAs). This shows the change in the nature from discussions focused on banning VDAs, to recognizing the importance of a global consensus on crypto. Cryptocurrencies borderless nature makes them challenging to regulate, potentially leading to financial integrity threats and inefficiencies.

Advancing Transparency and Reducing Data Gaps:

Sidharth Sogani, Founder and CEO at crypto research firm CREBACO, supports the document but cautions that India may still be at least a year and a half away from concrete regulations. He suggests that India may await global regulations, which might be the reason behind Coinbases recent exit from the Indian market.

Among G20 countries, only around 15 have clear cryptocurrency regulations, including Canada, the United States, Europe, and Japan. Sogani highlights the need for a universal tax policy, risk officers, and a regulator for centralized exchanges.

As many countries are still formulating policies and regulations for crypto assets, the G20s directions are expected to quicken and refine this process. India has not yet legalized cryptocurrencies but has imposed a 30% tax on crypto investments and a 1% TDS on crypto trades in the 2022 budget. The Reserve Bank of India has also expressed concerns about the risks associated with this decentralized currency. Later. the central banks efforts to introduce an official digital currency as an alternative to unregulated cryptocurrencies showed a significant policy shift.

Even though, the official digital currency may gain prominence, the decentralized cryptocurrencies exists due to their nature and immunity to macroeconomic developments. Additionally, blockchain-based currencies have the potential to challenge the dominance of the US dollar in global payment settlements, offering emerging economies like India opportunities to promote cross-border trade settlements in their own currencies and rebalance global financial dynamics.

Cryptocurrencies, as decentralized digital assets, have the potential for misuse, as has been seen in the past. However, this does not diminish their appeal or undermine their utility as a safe haven for investors. Therefore, we can safely conclude that the G20 leaders approach to cryptocurrencies reflects a balanced and pragmatic stance. They are officially recognizing the need for regulation while acknowledging the potential of blockchain-based assets. The global crypto landscape is continuously evolving, and coordinated regulation is important to play a pivotal role in future.

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G20's mission: Crafting a unified global framework for ... - News Intervention

Decentralization in the ledger technology refers to transferring decision-making and control from a centralized entity, be it a firm or individual, towards the distributed networks. Blockchain has computers that all verify transactions, hence improving security.

Multiple users can view the transactions. Blockchain networks such as Bitcoin, Ethereum, and Tron have promoted Decentralization within the DeFi environment. However, Bitcoin lags in Decentralization as half of the mining sphere is controlled by leading firms such as Antpool and Foundry USA.

The new platform, Bitcoin Spark, has a unique mechanism that will lead to the development of the technological sphere. The platforms proof-of-process enables miners and validators to generate income. This article will discuss the future of Decentralization with Bitcoin Spark.

Tron is a digital network built on a distributed ledger mainly supporting games and entertainment apps. Tronix, or TRX, is its proprietary cryptocurrency. TRX is the tenth most valuable cryptocurrency by market capitalization.

Decentralization will improve with a new entrant that will factor in features such as interoperability, scalability, and efficiency. Bitcoin Spark is a cutting-edge platform with mechanisms to make investors flock to the blockchain ecosystem. The project utilizes a consensus mechanism that amalgamates proof-of-stake and proof-of-work (proof-of-process).

Proof-of-process is a proprietary that rewards validators or miners for confirming new blocks in the ecosystem. These validators also provide GPU/CPU power to the platform, which external companies and individuals utilize for solving computational tasks. The power consumption utilized for confirming blocks in the network is relatively low compared to Bitcoin.

The reward system operates skewed to processing power; the more you stake, the higher the rewards. However, it is not conducted in a one-way lane. The proof-of-work has four critical layers: execution layers, where block creation is conducted and selection of validators; the consensus layer, where verification of a block is conducted and all validators agree; and the mining layer, which enables processing power that runs on Bitcoin Sparks network, and rewards layer that facilitates the distribution of rewards.

The project also has a layer of smart contracts that contains multiple layers to facilitate the utilization of compatible high-level and low-level programming languages. Smart contracts help networks in terms of the automatic execution of transactions. Networks like Ethereum have a common preferable programming language for developing layer-2 scaling solutions.

Bitcoin Sparks smart contracts enable developers to utilize programming languages like Vyper, Solidity, or any other high-end language while developing decentralized applications. The network also allows variation of style from these developers to bring about variations and innovation of smart contracts and dApps.

Revenue generation is also a critical factor that is embedded within the network. Bitcoin Sparks revenue generation method involves renting processing power and advertisement. An unused part of the platforms website and application will be set apart for advertisements.

Brands wishing to promote the product need to adhere to the communitys standards. On the other hand, the processing power provided by validators is rented to individuals and organizations.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/

Visit BTCS Presale: https://network.bitcoinspark.org/register

Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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In the ever-evolving world of cryptocurrencies, traders and investors often seek innovative strategies to maximize their profits. Among the various approaches, arbitrage stands out as a potentially rewarding technique.

Arbitrage, in its essence, involves exploiting temporary price differences of an asset between two or more markets to profit from the imbalance. By taking advantage of price discrepancies across different cryptocurrency exchanges or markets, arbitrageurs can generate profits with minimal risk.

In the context of cryptocurrencies, these price discrepancies arise due to factors such as varying supply and demand dynamics, differences in trading volume and liquidity, geographical disparities, and latency issues in price updates.

Before diving into the identification process, lets explore three primary types of cryptocurrency arbitrage:

To identify and seize arbitrage opportunities effectively, consider the following detailed steps:

Identifying and capitalizing on arbitrage opportunities in the cryptocurrency space requires diligent research, careful analysis, and swift execution. By tracking price discrepancies across exchanges, considering market depth and liquidity, evaluating transaction speed and fees, and maintaining an understanding of regulatory and security factors, you can increase your chances of successfully identifying and benefiting from arbitrage opportunities.

Remember, thorough preparation and continuous learning are key to maximizing your potential profits in the dynamic world of cryptocurrency arbitrage.

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CRYPTO TRADING | Mastering the Art of Identifying and Exploiting ... - bitcoinke.io

Shiba Memus presale has raised over $2.85 million in its presale on solid demand.

The price of the tokens in presale increases every day at 6 PM GMT

Shiba Memu could rise 50x, reinforced by its popularity and meme token trends

Buying meme cryptocurrencies might not be the right decision as crypto winter rages on. Leading meme names like Dogecoin and Shiba Inu continue to suffer in a bottomless drop. The bear market situation prompts investors to seek alternative tokens with the potential to explode. The entry of Shiba Memu (SHMU) into the scene has generated enthusiasm for meme investment. Since the presale started, investors have bought over $2.85 million of the tokens. To buy the token, investors can visit the projectswebsite.

Investment in Shiba Memu is partly attributed to its potential sustainability. It is the worlds first meme project to apply artificial intelligence. The AI generates hype, which puts Shiba Memu in the limelight.

Unlike its meme peers, Shiba Memu will market itself on online forums, generating hype for itself. As you may be aware, meme cryptocurrencies prices are moved by online publicity. The self-marketing concept allows Shiba Memu to be a potential big price mover. This capability puts Shiba Memu ahead of rivals, which rely on humans to gain and maintain relevance.

Investors could also be looking at the price potential of Shiba Memu. Early birds in presale have already tasted the price potential with Shiba Memus tokenomics. At the onset of the presale, the token was valued at $0.011125 but now goes for $0.027325. The price increases every day at 6 PM GMT in the presale

Alongside the price increases at presale, the potential for Shiba Memu is enormous, given its market space. In the past, meme cryptocurrencies have exploded in value after listing. Shiba Memu looks at a similar potential, given the love meme tokens attract in the sector. As the bear crypto sector lingers on, investors could look at Shiba Memu as the fresh kid in the market. This could inspire a rally for the token.

Shiba Memus social features could also attract investors. The project features an AI dashboard where users can build meaningful conversations with the robot. They can ask the AI questions, share suggestions, and learn new things in creative advertising.

Predicting the exact increases in the value of Shiba Memu could be subjective. However, projections can be made based on the tokens demand. The potential is indicated by the increasing number of investors buying the token.

While launching tokens have risen by up to 10x, Shiba Memu can surprise the markets. Analysts have earmarked up to 50 times increase, reflecting past price surges in meme cryptocurrencies.

Also, the tokens value could be unlocked from novel use cases. The Shiba Memu pool will let users earn fees by generating liquidity through a decentralised exchange. Similarly, the tokens can be staked in a smart contract or staking pol for additional rewards.

In the future, Shiba Memu could be unstoppable. AI can find use cases in diverse areas, benefiting Shiba Memu. This means the tokens value could overcome the frequent dumps that face meme cryptocurrencies.

Shiba Memus roadmap provides for the token listing in Q3 2024. After listing, the token could witness increased buying, allowing it to explode in value. However, prudential investment involves buying an asset when the price is low.

Investing in Shiba Memus presale makes sense, as the tokens price is still low. By the time the tokens price starts to rise, presale investors will reap the benefits. Also, investing now is advantageous as investors get tokens worth more when the presale ends.

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Shiba Memu: Why new meme cryptocurrency has won the hearts of ... - CoinJournal

Description

To a large extent, the introduction of cryptocurrency has been responsible for the dramatic changes recently seen in the gambling sector. There has been an evolution and a revolution due to the meeting of cutting-edge technology and the world of leisure activities. It has gifted us with flourishing phenomena, a seismic shift in how we Read more

To a large extent, the introduction of cryptocurrency has been responsible for the dramatic changes recently seen in the gambling sector. There has been an evolution and a revolution due to the meeting of cutting-edge technology and the world of leisure activities. It has gifted us with flourishing phenomena, a seismic shift in how we approach games of chance and skill, one that marries the enthusiasm of fans with the shrewdness of investors.

As a result of this mingling, a new ecosystem has emerged as the pinnacle of both financial innovation and the entertainment industry. The days of viewing gambling merely as a leisure activity or a high-risk investment with low rewards are long gone. It has instead become the embodiment of synergy, a dynamic interaction between passion and understanding that portends significant monetary advantages.

This article scrutinizes the intricate realm of crypto gambling, elucidating reputable enterprises that furnish their clientele with optimal benefits and facilitate well-informed decision-making.

Bets.io, was honored as the Rising Star Operator of the Year at SiGMA Europe 2022, highlighting their dedication to maintaining high standards in the gambling industry. Their primary focus is on delivering a superior player experience while promoting responsible gaming practices, establishing their position as a reputable casino.

Attention to detail is evident in every aspect of their website, from robust payment security to an extensive selection of over 10,000 games. The platforms user-friendly design simplifies navigation, allowing players to focus on the gaming process. Ongoing promotions and personalized offers, from daily cashback to surprise boxes, keep loyal customers engaged and excited throughout their gambling journey. Bets.io provides 24/7 professional customer support to resolve issues promptly.

Bets.io prioritizes customer satisfaction and trust by offering a low minimum account replenishment limit and a high maximum bet sum. In addition, a reliable system for deposit recovery combined with respect for player privacy ensures a safe and enjoyable gambling experience.

Within the realm of cryptocurrency betting, Dexsport distinguishes itself as an avant-garde Web 3 platform. Leveraging the capabilities of BNB, Polygon, OKC, Avalanche, Arbitrium, and ETH blockchains, Dexsport ensures users partake in a betting process characterised by its unwavering security and transparency.

Dexsports primary aim is to furnish individuals with a secure and transparent setting in which to embark on their gambling endeavours. Hence, harnessing the potential of blockchain technology, it guarantees swift, dependable, and anonymous transactions, affording users a sense of tranquillity as they delve into an extensive array of cryptocurrency betting opportunities.

Whether youre an experienced gambler or a newcomer to crypto gambling and betting, Dexsport is committed to serving players of all proficiency levels. Additionally, the platform provides its users access to the most competitive odds in the market.

Established in 2020, CryptoGames is a top-tier online cryptocurrency casino authorized by the Government of Curacao. It offers a range of 10 in-house games, including Dice, Roulette, and Blackjack, each with competitive house edges.

Players enjoy the freedom to wager with 11 major cryptocurrencies, and they can make effortless altcoin deposits using the ChangeNow feature. At CryptoGames, an unwavering dedication to fairness ensures that every game is fair.

CryptoGames values its community and shows its appreciation through alluring bonuses like the Faucet Bonus, Random Vouchers, and monthly wagering contests where rewards can climb to $250,000 USD. For high-level players, the VIP Membership unlocks exclusive benefits, including reduced house edges and special vouchers. Expect a gaming journey with transparency, rewards, and excitement.

Funarcade, a revolutionary presence in the crypto gambling industry, introduces an innovative design paradigm that unites the realms of web2 and web3 technologies. Supported by a team boasting half a century of collective gambling industry expertise, Funarcades mission is to provide a comprehensive range of offerings, from casino games to lotteries and sports betting.

What distinguishes Funarcade is its unwavering dedication to crafting unique games, with the potential to provide one of the most extensive product selections in the industry. Funarcades community-centric approach ensures it allocates up to 90% of profits directly to users, bypassing intermediaries and fairly rewarding players through its Player Incentive Programs (PIPs).

Funarcade is poised to revolutionize the world of crypto gambling, pledging a transparent gaming experience. With a strong emphasis on trust in the industry, the company offers an industry-first public accounting portal for added assurance. Keep an eye out for their distinctive token sale approach. Heres to the exciting future of gaming!

BSPIN is a cryptocurrency-based casino established in 2018 and has garnered a favourable reputation within the gaming industry, with a vast collection of games.

BSPIN is characterised by its exclusive utilisation of Bitcoin as its primary currency, hence facilitating transactions and gaming activities without necessitating further currency conversions. The platform provides a functionality known as Livespin, which allows users to engage in betting activities on live streaming of their preferred content.

The casino demonstrates a solid dedication to fully embracing the utilisation of Bitcoin to catalyse a transformative shift within the gaming industry. The company aims to consistently enhance its platform by introducing novel games and services that cater to the interests of Bitcoin holders.

Venue.One is a decentralised prediction market system that enables participants to leverage their expertise in predicting the outcomes of real-world events. The protocol is founded upon a collection of autonomous smart contracts that govern various prediction techniques, including dual outcomes and rapid pari-mutuel pools.

The main focus lies on sports, esports, financial, cryptocurrency, and entertainment events of relatively short to medium duration.

The disadvantages of both on-chain and off-chain prediction markets are addressed by offering a combination of attributes such as high speed, security, cheap transaction fees, user-owned wallets, and collateral, as well as a user-friendly interface and seamless onboarding process.

Wolf.bet is a provably fair gambling casino site with a unique design and mobile-first approach. The team consists of developers, a graphic designer, a community manager, and support specialists. They are all crypto and gambling enthusiasts, aiming to improve the platform through everyday hard work!

The best way to secure ones account is to activate 2FA. What is also important is that users use a complicated password which is long, not easy to guess and contains letters, numbers, and special symbols.

Interestingly, most of the withdrawals are processed immediately. However, due to security reasons, withdrawal might fall under manual check, which might extend the process to up to 24 hours.

Combining cryptocurrency trading with gambling ushers in a time when passion meets exactitude when prospects for financial success are as many as they are entertaining. While the benefits of this revolutionary combination are undeniable, achieving them requires a careful approach that takes into account the nuances involved and stays current with developments in the world of finance and entertainment.

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How cryptocurrency is revolutionizing the gambling industry ... - Cryptopolitan